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Article: Health Fitness Reports Strong First-Quarter Gains In Operating Margins, Pretax Income
- Article from:
- PR Newswire
- Article date:
- May 16, 1997
CopyrightCOPYRIGHT 1997 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MINNEAPOLIS, May 15 /PRNewswire/ -- Health Fitness Corporation (Nasdaq: HFPT) today reported an 18-percent increase in revenues, a 33-percent increase in operating income and a 67-percent increase in pretax income for the first quarter ended March 31, 1997.
Revenues increased to $8,233,000 from $6,975,000 in the first quarter last year. First-quarter net income was $267,000, up 16 percent from $229,000 in 1996, despite a provision for $115,000 in income taxes vs. none last year. Earnings per share were 3 cents in both periods, reflecting a 14-percent increase in the number of shares outstanding.
First-quarter operating income increased to $444,000 ...